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US Wants Equity Stake in Intel for Cash Grants Approved Under Biden
Asked about reports that the U.S. was considering taking a 10% stake in Intel, Bessent told CNBC's "Squawk Box" program: "The stake would be a conversion of the grants and maybe increase the investment into Intel to help stabilize the company for chip production here in the U.S."
The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government ...
The US government is in discussions to potentially take a partial ownership stake in Intel, according to an Aug. 18 report by ...
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a ...
Money might not be the solution to Intel Corp.’s problems.
SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports ...
The White House on Tuesday said it was “ironing out the details” of a deal that would entail the US government taking a 10 ...
Intel shares are trading marginally lower Monday. The stock is digesting significant gains fueled by reports that the Trump ...
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